(Jan Nieuwenhuijs, Money Metals News Service) The U.S. Treasury can draw up to $700 billion in new funding from its gold revaluation account at the Federal Reserve. And the Treasury could invest this “new money” in a sovereign wealth fund (increasing the money supply by an equal amount).
Using its...
(Mike Maharrey, Money Metals News Service) DOGE has got its work cut out for it. Even as the new Department of Government Efficiency ferrets out wasteful spending, the constant budget deficits serve as a sobering reminder of just how much the federal government overspends month after month.
The January budget...
(Mike Maharrey, Money Metals News Service) Fundamentally, gold is money, but it is also an extremely useful metal, especially in tech applications.
Demand for gold in industry and tech was up 7 percent in 2024, driven by growth in the electronics and computing sectors.
Industry and technology used 326 tons of...
(Headline USA) A federal judge on Wednesday removed a key legal hurdle on Wednesday that was stalling President Donald Trump’s plan to downsize the federal workforce with a deferred resignation program.
U.S. District Judge George O’Toole Jr.'s order in the challenge filed by a group of labor unions was a...
(Headline USA) It's a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem.
Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the...
(Peter C. Earle, Money Metals News Service) US President Donald Trump has proposed supplying Ukraine with ongoing military aid in exchange for access to its abundant reserves of rare earth minerals — elements critical to high-tech industries and defense applications. This proposal aligns with Trump’s long-standing perspective on leveraging...
(Mike Maharrey, Money Metals News Service) South Korea's mint has temporarily suspended the sale of gold bars as the rapid movement of physical gold and silver to the U.S. continues to send ripples through the precious metals markets.
As Bloomberg put it, this adds to signs of "widespread tightness across markets for physical precious...
(Jesse Colombo, Money Metals News Service) U.S. inflation expectations have surged over the past few months, and this has been a bullish driver for gold and silver.
Yesterday, the U.S. Consumer Price Index came in hotter than expected, reinforcing those inflation concerns and raising the specter of stagflation as economic growth...
(Mike Maharrey, Money Metals News Service) It's getting harder and harder to pretend the inflation problem isn't a problem.
Last month, the markets and the mainstream media threw a party when the CPI data came in "cooler than expected." CNBC led with this rosy summary. “U.S. stocks popped on Wednesday...
(Money Metals News Service) Gold prices have once again shattered records, reaching $2,900 per ounce for the first time in history, as demand for the yellow metal continues to surge worldwide.
According to Mike Maharrey, host of the Money Metals Midweek Memo podcast, 2024 has already seen 40 record-high gold prices, underscoring...
(Ken Silva, Headline USA) Puck News reporter Dylan Byers reported Wednesday that the New York Times has hired CNN legal analyst Jeffrey Toobin, who achieved infamy in 2020 when he masturbated on a Zoom conference call in front of his colleagues.
“Transfer news: famed legal analyst @JeffreyToobin is joining New York...
(Mike Maharrey, Money Metals News Service) In January, European gold-backed ETFs charted the largest inflow of metal in more than two years, driving global ETF gold holdings higher to kick off 2025.
Gold-backed funds globally reported net gold inflows of 34.5 tonnes last month, adding $3 billion to their holdings.
Total...